Fuat Oktay met with Algerian President Abdulmecid Tebbun: Come and invest


Talking about the investments of Turkish business people in Algeria, Oktay said, “With its investment size reaching the level of 5 billion dollars, especially in the iron and steel, chemical products, textile and pharmaceutical sectors, Algeria is the country in which our country invests the most in the African continent. More than 1,400 Turkish companies that show a significant contribution to the Algerian economy with the employment they provide to our 30 thousand Algerian brothers. Especially the Turkish Contracting sector is of great importance for Algeria. Today, 10 thousands of housing construction and many infrastructure projects undertaken by Turkish companies in almost all regions of Algeria I believe that we will see the signature of Turkish contracting companies in many infrastructure and superstructure projects in Algeria in the coming period. The 1.7 billion dollar polypropylene investment in Adana/Ceyhan is of critical importance for our countries. We make Algeria a market as one of our most important trade and production partners in the region. fast We are aware that Algeria has a key importance in establishing and maintaining peace and tranquility in the Maghreb region and the African continent. Completion of the preparations for the ‘Preferential Trade Agreement (TTA) with a wide product range), which was first brought to the agenda at the Joint Economic Commission Meeting held last November after a 9-year hiatus, and which was evaluated in the meetings between the delegations yesterday, and realizing the sharing of experience on Organized Industrial Zones as soon as possible. The course of our cooperation will undoubtedly deepen when the draft of the Agreement on the Mutual Promotion and Protection of Investments (YKTK) is finalized in a short time, joint work on information projects such as e-Government, cyber security and smart cities is completed.


President of the Democratic People’s Republic of Algeria, Abdulmecid Tebbun, addressed Turkish business people and said, “We signed a series of agreements with my brother President Recep Tayyip Erdoğan yesterday. We are now brothers. These agreements are very important for business people. We are open to everything. Such as defense industry, maritime… “If they want to invest in this matter, we will provide all the facilities. Come and invest,” he said.

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